By Peter Stoneham — May 24 - 02:15 AM
EUR has found traction against the underlying bear trend: could run a bit
Easier bias Tues but looking for more of an adjustment before lower again
We still respect the short-term updraft and have a bid by 1.0645
A minimum correction off the recent 1.0349-1.0697 climb is at 1.0615
Bulls can target a bigger 50% Fibo off 1.1185-1.0349 at 1.0738
14-day positive momentum has faded and RSI has turned over
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Source:
Refinitiv IFR Research/Market Commentary